Source: Market Data Forecast. 2024. North America Microgrid Market – Market Size Overview. Market Data Forecast. Available at: https://www.marketdataforecast.com/market-reports/north-america-microgrid-market
The promise of reliable, clean energy for communities is rapidly becoming a reality, and this is reflected in the growth of the North America microgrid market, projected to reach $13.05 billion in market size by 2033. This robust 10.43% compound annual growth rate (CAGR) signals a clear shift toward enhancing grid resilience and achieving greater energy independence. In Hot Springs, North Carolina, a solar-plus-battery microgrid powers the town during outages and replaces the need for diesel backup generators with renewable energy, cutting emissions and keeping the lights on. As the microgrid market gains momentum, these systems are helping rural communities maintain essential services and secure a sustainable future—one that is resilient, self-sufficient, and less dependent on the main power grid.
